XRP's price movements are under scrutiny as October approaches. Will historical trends and potential ETF approvals spark a rally, or will market caution prevail?
XRP Price Rally: Will October Bring a Bull Run?
XRP enthusiasts are watching closely as October unfolds. Will XRP defy its historical October struggles and stage a rally, fueled by potential ETF approvals and technical indicators? Let's dive into what the experts are saying.
XRP's Critical Price Level
Currently hovering around $2.77, XRP is at a pivotal point. Analysts highlight the importance of holding above $2.75, a level coinciding with the lower boundary of a symmetrical triangle. Staying above this trendline increases the likelihood of breaking past the $2.86 resistance (the 100-day simple moving average - SMA), potentially reaching a bullish target of $3.62. A fall below $2.75, however, could trigger a sell-off toward $2.00.
The $3.00 Hurdle
The $3.00 mark is a key resistance level, aligning with the 50-day SMA at $2.96. Overcoming this barrier could inject fresh momentum, targeting $3.61 and even $4.00. Keep an eye on upcoming XRP news; a breakout here could signal a significant bullish wave.
October's Historical Performance: A Mixed Bag
Historically, October hasn't been XRP's best month. Since 2013, XRP has closed in the red for seven of the past twelve Octobers, with average returns slipping about -4.58%. But don't lose hope! November tends to be XRP's strongest month, making the October-December period the most lucrative quarter, boasting average gains of 51%. Looking back, XRP surged roughly 240% in Q4/2024 and 20% in Q4/2023, with even more impressive gains in 2017. If history repeats itself, Q4/2025 could see a similar reversal, potentially starting mid-October.
ETF Hopes and Market Sentiment
October's ETF spotlight could add tailwinds to XRP's rally, with SEC deadlines looming mid-month. Franklin Templeton’s XRP ETF decision is now expected in November, while REX/Osprey’s XRPR debuted in September. Analysts are increasingly optimistic about SEC approval, potentially unlocking billions in first-year inflows. However, some caution that this event may already be partially priced in, leading to a possible
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